Construction Bonds (otherwise also known as Performance Bonds or Default Bonds) are a law unto themselves. Why? Because such Bonds are a financial instrument or guarantee, they are typically issued in UK Construction Projects to provide security (usually 10% of the contract value) to the Employer or Developer in case the Contractor is unable to … Read More
Construction Bonds
Performance Bonds – A Guide to Principles and Practice
Performance Bonds – A Guide to Principles and Practice If you are either a Developer or a Contractor involved in construction work of any kind then you really need to know about Performance Bonds. Performance Bonds (sometimes known as Construction Bonds or Contract Bonds) are a type of insurance that provides financial compensation to a … Read More
